Common use of Monitoring Fee Clause in Contracts

Monitoring Fee. On the Funding Date, the Borrower shall pay the Lender a monitoring fee of $175,000, which fee shall be fully earned as of the Funding Date, and used to compensate the Lender for monitoring and managing the Revolving Credit Facility.

Appears in 3 contracts

Sources: Credit Agreement (Ecosystem Corp), Credit Agreement (GS Energy CORP), Credit Agreement (GS Cleantech Corp)